By Sachin Jangam, Partner for Retail at Infosys Consulting.
Despite starting a new year, the ghosts of retail results past and present are still haunting stores. While the UK economy grew by 0.1% in November due to seasonal shopping boosts and the World Cup, retail sales fell by 1% in December as consumers quickly revert back to their ‘normal’ shopping habits as the cost-of-living crisis continues.
Despite starting a new year, the ghosts of retail results past and present are still haunting stores. While the UK economy grew by 0.1% in November due to seasonal shopping boosts and the World Cup, retail sales fell by 1% in December as consumers quickly revert back to their ‘normal’ shopping habits as the cost-of-living crisis continues.